Vacancies at Central Bank of Kenya

Job Purpose

The Role holder will be responsible for the development and implementation of the data and analytics and regulatory and supervisory technology strategy for institutions licensed by CBK. He/She will also be responsible for working effectively as part of the team to deliver on the Key Result Areas and demonstrate competencies of his/her role.

Key Duties and Responsibilities

Strategic Responsibilities

• Advise on development and execution of the data and analytics and regulatory and supervisory technology strategies for institutions licensed by CBK.
• Contributes as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.

Technical and Operational Responsibilities

• Define and execute the Data and Analytics Strategy to continuously monitor and analyse financial soundness of regulated institutions.
• Oversee the development of a strategy to leverage on technology to enhance bank supervision processes including but not limited to Regulatory Technology (RegTech) and Supervisory Technology (Suptech).
• Leverage on data insights from regulated institutions to oversee the building of models, insightful automated reports and business intelligent tools such as dashboards and scorecards and make proactive recommendations to surveillance teams.
• Manage offsite data submission of licensed institutions and reporting thereof.
• Oversee the processing of data and requisite reports within set timelines.
• Support the Surveillance teams in conducting ICT audits of banks using emerging techniques including but not limited to vulnerability assessment, penetration testing and data mining.
• Oversee the review of cyber security frameworks for regulated institutions and advise the Surveillance teams and management accordingly.
• Oversee the management of cyber security incident reporting for regulated institutions.
• Proactive and timely response to emerging challenges and market dynamism.
• Implementation of the Departmental Risk Management Framework including Business Continuity and Disaster Recovery Plans.
• Efficient management of the registry function and the co-ordination of administrative issues in the Department.
• Develop, train, coach, motivate and evaluate functional staff to achieve highest levels of performance.

Qualifications

• Bachelor’s degree in Mathematics, Actuarial Science, Statistics, Engineering, Data Science, Computer Science, Economics, Finance or related discipline from a reputable institution.
• Masters in Business Administration, Finance, ICT, Project Management, Engineering, Accounting, Economics, Law or related discipline is an added advantage.
• Professional qualification(s) in actuarial science, statistics, accounting, finance, ICT, Project Management banking or related discipline is an added advantage.

Work Experience

• At least eight (8) years’ post qualification experience in prudential/bank supervision, ICT, engineering, project management, statistics, actuarial science, financial analysis, auditing, accounting, commercial banking operations and any other relevant area with at least three (3) years in a supervisory capacity.

Competencies

Technical Competencies

• Good understanding of internationally accepted best practices for effective bank supervision and their application in supervision design and implementation.
• Good understanding of bank supervision policy and regulatory frameworks- – having a clear understanding of banks’ supervision policy and regulatory framework
• Strong communication and presentation skills including ability to develop proposals, concept papers, position papers as well as write reports and prepare relevant publications.
• Good analytical and conceptual skills - Ability to critically examine and analyse information on institutions and providing the necessary analytical insights for internal decision-making purposes.
• Strategic outlook – ability to demonstrate a broad-based view of issues affecting financial institutions and develop and implement policies aimed at ensuring financial stability.
• Project Management- Good understanding of leading cross functional implementation projects for data mining, warehousing and information architecture and governance design.
• General Business Competencies
• Planning and organization - Effectively use diverse talents, technology and resources to deliver within agreed parameters.
• Organisation, Market & regulatory knowledge - Ability to research on industry trends, anticipate issues, critique and identify improvement opportunities within the Industry and propose new initiatives for CBK.
• Quality orientation - Seek out opportunities to improve processes, outcomes and products within the function.
• Stakeholder and conflict management - Cultivate and manage a range of relationships and key strategic alliances with internal and external stakeholders to ensure assignments, projects and programmes will deliver the agreed objectives.
• Project management – Ability to establish the organizational structure and coordinating mechanisms (e.g. steering group/project team), for a complex project or programme.

Behavioral Competencies

• Leadership - Ability to motivate, influence and staff to act towards achieving a common goal. Create and articulate a vision, inspiring others to work towards achieving the vision and providing developmental and stretching opportunities to staff - in line with skills, abilities and experience.
• Decision Making - Ability to go through a thought process of selecting the logical choice out of a set of options within a reasonable amount of time.
• Professionalism, work ethic & integrity - Ability to convey the level of excellence and competence that is expected. Define, communicate and consistently exemplify the Bank’s values and ethics.
• Collaboration and teamwork - Ability to work collaboratively within a group of people in order to achieve a common goal. Support team members to take decisions independently and take the lead in their area of expertise –
• Accountability and professional development - Lead initiative/s or action/s towards the achievement of the department/Company-wide goals/ mission.
• Creativity and innovation - Promote an environment that encourages creative thinking, and innovation within the ambits of existing rules/guidelines.
• Digital mind-set - Ability to recognize the importance and impact of technology on the ways of working and integrate technology in the day-to-day job to achieve efficiency, quality and productivity in the function.
• Risk awareness and focus - Ability to the forecast and evaluate of all forms of risks together with the identification of procedures to avoid or minimize their impact.
• Customer focus - Establish service standards and develop strategies to ensure that the same are met.
• Emotional Intelligence - manages emotions in a mature and composed manner as expected of a leader.
• Highly analytical and ability to challenge status quo based on quantitative facts and impacts.

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Job Purpose

The Role holder will be responsible for drafting of policies and guidelines for market conduct for institutions licensed by CBK and drafting advisories on compliance issues.

Key Duties and Responsibilities

Strategic Responsibilities

• Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.

Technical and Operational Responsibilities

• Conduct research as guided by the line manager and take part in drafting the legal and regulatory frameworks for Commercial Banks, Forex Bureaus, Microfinance Institutions, Credit Reference Bureaus, Money Remittance Providers and Building Societies.
• Responsible for following up on negotiations for Memorandum of Understanding for supervisory co-operation and information exchange with other national, regional and international regulators.
• Draft AML/CFT status reports for the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the Financial Action Task Force (FATF) as per the expected guidelines.
• Responsible for logistical arrangements for internal and external consultative forums and obtain feedback on Market Conduct and AML/CFT framework implementation from various entities and draft comprehensive policy/ frameworks as required.
• Support in the follow up of implementation of AML/CFT and Market Conduct related recommendations from collaborations with domestic and international financial regulators regional and international financial inclusion initiatives/ organisations and development partners.
• Draft the requisite Market Conduct and AML/CFT policy implementation reports.
• Responsible for taking part in the function’s initiatives and training/awareness sessions as required.
• Adherence to Bank policies, procedures, guidelines and related legislations.
• Any other duties assigned by the supervisor.

Qualifications

• Bachelor’s Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable institution.
• Professional qualification(s) in accounting, finance, banking or related discipline is an added advantage.

Work Experience

• At least three (3) years post qualification experience in prudential/bank supervision, financial analysis, auditing, accounting, commercial banking operations.

Competencies

Technical Competencies

• Good understanding of internationally accepted best practices for effective bank supervision and their application in supervision design and implementation.
• Broad knowledge of banking operations and processes as well as the banks products.
• Good analytical and conceptual skills- Ability to challenge status quo based on quantitative facts and impacts.
• Good understanding of bank supervision policy and regulatory frameworks – having an understanding of banks’ supervision policy and regulatory framework.
• Project management skills - ability to plan and execute on assigned tasks.
• Strong communication and presentation skills including ability to write reports.
• Financial data collection - Ability to extract and provide financial information necessary for internal decision-making purposes.

Behavioral / General Competencies

• Interpersonal skills- create rapport with others and develops effective communication and team spirit with colleagues.
• Leadership and management- takes responsibility for assigned tasks and has the ability to work in a high performing team.
• Personal Motivation and Drive- commits self to work hard towards goals. Shows enthusiasm and career commitment.
• Adaptability/Flexibility - ability and willingness to be flexible, to adapt to and work effectively within a variety of changing situations and with various individuals and groups.
• Professionalism– maintains a professional approach based on ethics and CBK values.
• Resilience –is able to withstand strategic and operational challenges and maintain momentum.
• Emotional Intelligence- manages emotions in a mature and composed manner.